Foundations of Finance notes

Test Bank For Foundations of Finance, 10TH Edition By Keown/Martin/Petty. Within the financial markets, explain what we mean by "private placements" and name the advantages and disadvantages. Answer: Private placements are an alternative to the sale of securities to the public or to a restricted group of investors through a privileged subscription. Any type of security can be privately placed (directly placed). The major investors in private placements are large financial institutions. Bas...

Test Bank For Foundations of Finance, 10TH Edition By Keown/Martin/Petty. Within the financial markets, explain what we mean by "private placements" and name the advantages and disadvantages. Answer: Private placements are an alternative to the sale of securities to the public or to a restricted group of investors through a privileged subscription. Any type of security can be privately placed (directly placed). The major investors in private placements are large financial institutions. Bas...